Gaw Capital Partners said to be buying Robinson 77 for about S$710m

Singapore

AN ENTITY controlled by Hong Kong private equity property group Gaw Capital Partners is understood to be buying Robinson 77 for about S$710 million from a fund managed by CLSA Real Estate.

The price works out to about S$2,300 per square foot on net lettable area (NLA) of 307,585 sq ft. The NLA comprises 301,567 sq ft of offices and 6,018 sq ft of retail space.

Once known as SIA Building, the property is on a site with a balance lease of about 74 years. The CLSA-managed fund completed a major refurbishment of the 35-storey building in 2017, after paying S$530.8 …